Asset Item

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Video Tutorial Over Asset Items

When you purchase fixed assets that you need for your business, you should keep good records so you can track their cost, the cost of repairs and upgrades, and how much they depreciate from year to year. These amounts affect the worth of your business and the size of your tax bill.

Fixed asset items provide a way to keep important information about your assets in one place.

You can create an item to track a fixed asset at several points during the asset's life cycle, but we recommend that you create the item when you buy the asset.

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